Management
The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.
Viper Energy is acquiring Sitio Royalties Corp. and its more than 25,000 net acres of royalty interests across major US shale plays.
Project expects a total of 19 additional modules to arrive on site during 2025.
-
The investment underscores ExxonMobil’s pivot to Nigeria’s offshore after it finalized the divestiture of its onshore assets in the country. -
The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
-
Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.
-
Leaders at OTC 2025 warned that tariffs and supply chain strains threaten offshore project economics despite record global output.
-
FLNG vessels will handle gas from the Vaca Muerta formation when they go online in 2027 and 2028 offshore Argentina.
-
Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
-
Contractor will moor the production semisub in the Keathley Canyon area of the US Gulf of Mexico.
-
EVP Giulia Chierchia and Chairman Helge Lund are stepping down amidst difficult Q1.
-
The Offshore Technology Conference has announced the 2025 Spotlight on New Technology Award winners—nine game-changing innovations shaping the future of offshore energy. Join the celebration at 1600 CDT on Monday, 5 May, at the NRG Center, Houston.
-
Updates about global exploration and production activities and developments.
